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Buy Crypto in Poland

Buy Crypto in Poland

Andrew Chen
Fact Checked
Jan 14, 2023

Summary: The best way to buy Bitcoin and cryptocurrencies in Poland is through a Polish Financial Supervision Authority (PFSA) regulated exchange. With this method, investors can deposit Polish Zloty (PLN) or Euros via bank transfer, debit/credit card to safely buy crypto.

Our top pick for Polish investors is Uphold. Their platform offers fast and cheap PLN & EUR deposits to trade and stake 200+ cryptocurrencies with low fees. The Uphold exchange is licensed and regulated in Poland & Europe and boasts over 10 million users in the region.

Table of Contents

Best Crypto Exchange in Poland

Platform Highlights

  • Trade 210+ Cryptos with fast Polish Zloty (PLN) or Euro (EUR) deposits from any Polish Bank.
  • Regulated in Poland & Europe and has an audited Proof-of-Reserves.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Poland
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Audited Proof of Reserves
Audited Proof of Reserves

Is it legal to buy Crypto in Poland?

Yes, it is legal to buy cryptocurrency in Poland. The Polish Financial Supervision Authority (PFSA) has issued guidance stating that cryptocurrency is not considered a legal tender in Poland, but rather a means of exchange that is not subject to supervision by the PFSA. However, the PFSA has indicated that it will monitor the use of cryptocurrency and take action as necessary to protect consumers and ensure the integrity of the financial system.

In addition, the National Bank of Poland (NBP) has issued guidance stating that cryptocurrency is not considered a form of electronic money and is therefore not subject to the same regulatory framework as other forms of electronic payment. As a result, the use of cryptocurrency for payment purposes is not regulated by the NBP.

How to buy Bitcoin and Crypto in Poland

The safest and easiest way to buy cryptocurrencies in Poland is with Uphold. Their platform offers fast and cheap SEPA bank transfers and other deposit methods directly from Polish banks to trade 200+ cryptos and hundreds of stocks, ETFs, metals and other assets. The exchange is  licensed and regulated by the PFSA, and its security measures are in line with the highest industry standards.

Here is a step-by-step guide to help you get started in minutes:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (PLN, EUR + 30 more).
  3. Deposit Funds: Connect your Polish or EU Bank account or a Debit/Credit Card to deposit money.
  4. Buy Crypto: Find the crypto you want to buy on Uphold and input your amount to invest, then execute your order.
Buy Crypto in Poland with PLN.
Buy Crypto in Poland with PLN.

What are the fees to consider?

When investing in cryptocurrencies, the three main fees to consider are deposit/withdrawal fees, trading fees and the price spread.  Uphold charges no deposit/withdrawal fees for Polish investors and it also offer zero trading fees.

Additionally, Uphold's spreads are very competitive in the market. Their average spread fee is around 0.5% - which makes their pricing much cheaper than alternatives like eToro and Coinbase who can charge up to 2.99% for all fees.

Best Alternative Exchanges

For investors in Poland looking to do further due-diligence on their preferred platform, we have listed five of the best alternative crypto exchanges. All exchanges in this list have similar licensing and regulatory compliance to Uphold - making them all safe options for users in the country.

  1. Bitpanda: Bitpanda is a popular European exchange based in Austria, Vienna that offers hundreds of cryptos, stocks, ETFs and other assets with low fees. They are a licensed and regulated Virtual Asset Service provider in Europe by the European Securities and Markets Authority (ESMA).
  2. Bybit:  Bybit is a derivatives exchange based in the Seychelles that offers up to 100x leverage trading on BTC, ETH, XRP and other major coins with low fees. They are licensed by the Financial Services Authority (FSA) of St. Vincent & Grenadines and their platform is secure & compliant with all relevant regulations.
  3. Coinbase:  Coinbase is a digital asset exchange based in the US, San Francisco and licensed by FinCEN. They offer spot trading for BTC, ETH and other major cryptos with low fees and various payment options (credit/debit cards & bank accounts).
  4. Binance: Binance is one of the world's largest cryptocurrency exchanges based in Malta and offering spot trading for 150+ cryptos with low fees. They are licensed by the Malta Financial Services Authority (MFSA) and have some of the most advanced security measures in the industry.
  5. Kraken: Kraken is a global crypto exchange based in San Francisco, US and licensed by FinCEN. They offer spot trading on 80+ cryptos with low fees and various payment options (SEPA, ACH & Credit/Debit Cards).
Bitpanda - Poland
Bitpanda - Best Polish Alternative.

Our Ranking Methodology

There are several factors that investors need to consider when deciding which cryptocurrency exchange is best for them. To help you get an understanding of how we list and rank exchanges, we have outlined our criteria to determine which exchange is best in Poland:

  1. Regulation and security: It is important to choose an exchange that is regulated by the PFSA in Poland and has strong security measures in place to protect your funds.
  2. Fees: Compare the fees charged by different exchanges for buying and selling cryptocurrency, as well as any other fees that may apply (e.g. withdrawal fees).
  3. Payment methods: Consider what payment methods are accepted by the exchange, and whether they are convenient for you to use from your Polish bank account.
  4. Supported cryptocurrencies: Make sure the exchange supports the cryptocurrencies that you want to buy or sell.
  5. User interface and experience: Consider the ease of use and overall user experience of the exchange's website and trading platform.
  6. Customer support: Look for an exchange with good customer support, in case you have any issues or questions.
  7. Reputation: Research the reputation of the exchange and read reviews from other users to get a sense of their experiences.
  8. Geographical restrictions: Some exchanges may not be available in certain countries or regions, so it is important to make sure the exchange you choose is available in Poland.

How is Crypto taxed in Poland?

In Poland, cryptocurrency is considered a form of property, rather than a currency. As such, it is subject to capital gains tax when it is sold or traded.

If you hold cryptocurrency for less than 365 days and sell it for a profit, the profit is considered a short-term capital gain and is taxed at your regular income tax rate. If you hold cryptocurrency for more than 365 days and sell it for a profit, the profit is considered a long-term capital gain and is taxed at a rate of 19%.


Final Thoughts

When it comes to choosing the best cryptocurrency exchange in Poland, there are many factors to consider. These include regulation and security, fees and payment methods, user interface and experience, customer support, reputation, supported cryptocurrencies, and geographical restrictions.

Once you have chosen an exchange that meets your needs and preferences, make sure you understand the tax implications of buying and selling cryptocurrency in Poland. Doing so will help you avoid any potential problems with the Polish tax authorities. Finally, always remember to keep your funds secure by using strong passwords and two-factor authentication wherever possible.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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